dealers and re-sale prices
Discussion
Having now made the decision to sell the Tammy, I popped around the local dealers in Hampshire and Sussex area. Boy was I shocked at what they offered me for her, most wanted sale or return.Ok I can live with that, but the chunks they wanted to take was outrageous. I was at one stage offered for a 02, 26k miles and in a used condition gts blue 18inch wheels and private plate 9.5k!!!!This was to buy it outright
I've seen them sell for between 15k and 18k at that age and mileage. Sorry to moan but it seems a big hit for a loyal customer to loose minimum 5.5k.I expect them to take a slice but that does seem alot!!!! so will bling her up and go to plan B.
I've seen them sell for between 15k and 18k at that age and mileage. Sorry to moan but it seems a big hit for a loyal customer to loose minimum 5.5k.I expect them to take a slice but that does seem alot!!!! so will bling her up and go to plan B.
i beleive that no matter what you try to sell or part ex to a dealer, whether youre an old customer or new one, they will want your car for nothing, want to take more money off you if you part ex it.i think it boils down to paying the expense of getting rid of it easily, or putting up with the odd tyre kicker, and getting what you want for it!
That does sound a particularly low bid!!! You can appreciate dealers needing to buy cars into stock at low prices though as you can see the same cars sat in a showroom for 6-9 months! Times that by a dozen cars and thats a fair cash outlay in stock sat in the showroom. Time of year not helping either.
I am not surprised by this. Most dealers looking to take on a TVR at the present time are probably weighing in the distinct possibility the car will not sell until next March. They have costs too.
Keep the car until next spring unless you have to sell.
Every year we get people moaning about dealer p/ex prices and it being hard to sell TVRs. Can't think why
Keep the car until next spring unless you have to sell.
Every year we get people moaning about dealer p/ex prices and it being hard to sell TVRs. Can't think why
Dicky,
Think of this: You were offered £9,500.00 for your car. You have seem them advertised at £15,000.00 to £18,000.00.
So the dealer buys your car at £9,500.00 and sells it at £15,000.00 to me in March, because I am not going to buy a car like that in winter. He has had his money borrowed from the bank tied up in the car for over 4 months and he has paid interest on it.
He has serviced the car, washed and polished it and bought a warranty for it. He has advertised the car. That is £1,500.00 gone at least.
He gives me a 12 month warranty on the car. I have it for 4 weeks and the engine blows up. Face it - that is more likely than not.
I take the car back and of course he has to repair the engine. Have a look on the Tuscan forums. One person paid £6,500.00 for his engine rebuild. Another bought a second hand engine from a scrap yard which came from a crashed car for £5,000.00. He then had to pay for it to be fitted.
Of course the warranty that the dealer bought does not cover the engine or only contributes a little towards it. I think that you will find that no dealer can buy such a warranty at a cost effective price. The warranty companies have heard about the Speed 6 too!
So the dealer has to stand the cost or most of it himself. He cannot exclude the engine from the warranty that he gave me. If he did then I would not buy the car and even if he did, I can still claim under the Sale of Goods Act.
So he is going to be at least £5,000.00 out of pocket fixing my engine. All his profit and more will be gone.
He might not be able to fix it. If he told me that he was going to get an engine from a scrap yard, I might refuse. I would not expect a Vauxhall dealer to get a replacement engine from a scrap yard in the same circumstances, why should I expect a TVR dealer to?
I might demand my money back and then he would be left with an unsold broken car and no money from me.
That is why dealers offer poor prices. The prospect of being burned by the car is high.
Think of this: You were offered £9,500.00 for your car. You have seem them advertised at £15,000.00 to £18,000.00.
So the dealer buys your car at £9,500.00 and sells it at £15,000.00 to me in March, because I am not going to buy a car like that in winter. He has had his money borrowed from the bank tied up in the car for over 4 months and he has paid interest on it.
He has serviced the car, washed and polished it and bought a warranty for it. He has advertised the car. That is £1,500.00 gone at least.
He gives me a 12 month warranty on the car. I have it for 4 weeks and the engine blows up. Face it - that is more likely than not.
I take the car back and of course he has to repair the engine. Have a look on the Tuscan forums. One person paid £6,500.00 for his engine rebuild. Another bought a second hand engine from a scrap yard which came from a crashed car for £5,000.00. He then had to pay for it to be fitted.
Of course the warranty that the dealer bought does not cover the engine or only contributes a little towards it. I think that you will find that no dealer can buy such a warranty at a cost effective price. The warranty companies have heard about the Speed 6 too!
So the dealer has to stand the cost or most of it himself. He cannot exclude the engine from the warranty that he gave me. If he did then I would not buy the car and even if he did, I can still claim under the Sale of Goods Act.
So he is going to be at least £5,000.00 out of pocket fixing my engine. All his profit and more will be gone.
He might not be able to fix it. If he told me that he was going to get an engine from a scrap yard, I might refuse. I would not expect a Vauxhall dealer to get a replacement engine from a scrap yard in the same circumstances, why should I expect a TVR dealer to?
I might demand my money back and then he would be left with an unsold broken car and no money from me.
That is why dealers offer poor prices. The prospect of being burned by the car is high.
RedTuscan said:
Dicky,
Think of this: You were offered £9,500.00 for your car. You have seem them advertised at £15,000.00 to £18,000.00.
So the dealer buys your car at £9,500.00 and sells it at £15,000.00 to me in March, because I am not going to buy a car like that in winter. He has had his money borrowed from the bank tied up in the car for over 4 months and he has paid interest on it.
He has serviced the car, washed and polished it and bought a warranty for it. He has advertised the car. That is £1,500.00 gone at least.
He gives me a 12 month warranty on the car. I have it for 4 weeks and the engine blows up. Face it - that is more likely than not.
I take the car back and of course he has to repair the engine. Have a look on the Tuscan forums. One person paid £6,500.00 for his engine rebuild. Another bought a second hand engine from a scrap yard which came from a crashed car for £5,000.00. He then had to pay for it to be fitted.
Of course the warranty that the dealer bought does not cover the engine or only contributes a little towards it. I think that you will find that no dealer can buy such a warranty at a cost effective price. The warranty companies have heard about the Speed 6 too!
So the dealer has to stand the cost or most of it himself. He cannot exclude the engine from the warranty that he gave me. If he did then I would not buy the car and even if he did, I can still claim under the Sale of Goods Act.
So he is going to be at least £5,000.00 out of pocket fixing my engine. All his profit and more will be gone.
He might not be able to fix it. If he told me that he was going to get an engine from a scrap yard, I might refuse. I would not expect a Vauxhall dealer to get a replacement engine from a scrap yard in the same circumstances, why should I expect a TVR dealer to?
I might demand my money back and then he would be left with an unsold broken car and no money from me.
That is why dealers offer poor prices. The prospect of being burned by the car is high.
ERRR Yeah but a warranty is basically insurance purchased from an insurance company for a few hundred pounds per year , if the engine blows the insurance company pay the costs not the dealer he washed his hands of the car the day it left the forecourt .Think of this: You were offered £9,500.00 for your car. You have seem them advertised at £15,000.00 to £18,000.00.
So the dealer buys your car at £9,500.00 and sells it at £15,000.00 to me in March, because I am not going to buy a car like that in winter. He has had his money borrowed from the bank tied up in the car for over 4 months and he has paid interest on it.
He has serviced the car, washed and polished it and bought a warranty for it. He has advertised the car. That is £1,500.00 gone at least.
He gives me a 12 month warranty on the car. I have it for 4 weeks and the engine blows up. Face it - that is more likely than not.
I take the car back and of course he has to repair the engine. Have a look on the Tuscan forums. One person paid £6,500.00 for his engine rebuild. Another bought a second hand engine from a scrap yard which came from a crashed car for £5,000.00. He then had to pay for it to be fitted.
Of course the warranty that the dealer bought does not cover the engine or only contributes a little towards it. I think that you will find that no dealer can buy such a warranty at a cost effective price. The warranty companies have heard about the Speed 6 too!
So the dealer has to stand the cost or most of it himself. He cannot exclude the engine from the warranty that he gave me. If he did then I would not buy the car and even if he did, I can still claim under the Sale of Goods Act.
So he is going to be at least £5,000.00 out of pocket fixing my engine. All his profit and more will be gone.
He might not be able to fix it. If he told me that he was going to get an engine from a scrap yard, I might refuse. I would not expect a Vauxhall dealer to get a replacement engine from a scrap yard in the same circumstances, why should I expect a TVR dealer to?
I might demand my money back and then he would be left with an unsold broken car and no money from me.
That is why dealers offer poor prices. The prospect of being burned by the car is high.
Why would he pay VAT on either the sale price of a used car or the profit margin? That definitely sounds wrong. On new cars I understand that a dealer claims back the VAT element and then passes on the VAT element on sale.
Isn't it only on used commercial vehicles that VAT is levied?
Isn't it only on used commercial vehicles that VAT is levied?
Edited by OscarT on Tuesday 23 October 19:46
Dealers do and always will, offer the lowest price and sell for highest price its called in the motor trade daylight robbery.
However most customers a'nt dick heads especially those with low volume marques ie TVRs,(and no more being built) so listen up dealers offer a fair price because we all know what our cars are worth on your showroom floor.
Otherwise those that don't listen will end up like the Dinosaurs EXTINCT.
However most customers a'nt dick heads especially those with low volume marques ie TVRs,(and no more being built) so listen up dealers offer a fair price because we all know what our cars are worth on your showroom floor.
Otherwise those that don't listen will end up like the Dinosaurs EXTINCT.
Edited by SEN 18 on Tuesday 23 October 22:41
OscarT said:
Why would he pay VAT on either the sale price of a used car or the profit margin? That definitely sounds wrong. On new cars I understand that a dealer claims back the VAT element and then passes on the VAT element on sale.
Isn't it only on used commercial vehicles that VAT is levied?
VAT is due and payable on the profit element of a used car sale.Isn't it only on used commercial vehicles that VAT is levied?
Edited by OscarT on Tuesday 23 October 19:46
bennno said:
where do you get a replacement dash pod, suspension upright or engine from?
its a complex car to have no factory support with
Lots of choice from specialists who've promptly expanded into the vacuum. TVRCar Parts, Dulfords, TVR Power etc.its a complex car to have no factory support with
Monaro still giving you enough of a buzz at the 'ring after the TVR?
Daftlad said:
OscarT said:
Why would he pay VAT on either the sale price of a used car or the profit margin? That definitely sounds wrong. On new cars I understand that a dealer claims back the VAT element and then passes on the VAT element on sale.
Isn't it only on used commercial vehicles that VAT is levied?
VAT is due and payable on the profit element of a used car sale.Isn't it only on used commercial vehicles that VAT is levied?
Edited by OscarT on Tuesday 23 October 19:46
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